Hempalta (CVE:HEMP) Trading 33.3% Higher – Time to Buy?

Shares of Hempalta Corp. (CVE:HEMP) traded up 33.3% during mid-day trading on Thursday . The company traded as high as C$0.07 and last traded at C$0.06. 166,500 shares traded hands during mid-day trading, an increase of 64% from the average session volume of 101,579 shares. The stock had previously closed at C$0.05.

Hempalta Trading Up 33.3 %

The firm has a market capitalization of C$5.70 million, a P/E ratio of -0.48 and a beta of -0.10. The company has a quick ratio of 0.88, a current ratio of 3.99 and a debt-to-equity ratio of 28.72. The stock has a fifty day simple moving average of C$0.05 and a 200 day simple moving average of C$0.09.

Insider Activity at Hempalta

In related news, Director Darren Hartley Bondar sold 453,000 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of C$0.06, for a total transaction of C$26,274.00. In the last 90 days, insiders have acquired 610,474 shares of company stock valued at $27,499. 27.90% of the stock is owned by company insiders.

About Hempalta

Hempalta Corp., an agricultural cleantech company, produces and processes industrial hemp in North America. It manufactures products using a process known as HempTrain that enables to produce a range of hemp-based commercial and consumer products. The company also engages in the hemp carbon credit market.